News

Kamco launches post-merger rebrand

RebrandingKuwaiti fund manager Kamco has unveiled its new Kamco Invest brand following the integration of Global Investment House, a fellow Kuwaiti fund manager which it acquired in November 2019. The acquisition was part of an expansion strategy launched in 2014 and, according to Kamco chief executive Faisal Mansour Sarkhou, the unveiling of Kamco Invest marks the second phase of this strategy, to become “a more competitive investment company in the local and regional markets”. The merger has made Kamco Invest the fifth-largest asset manager in the GCC according to Moody’s with more than $13 billion of assets under management. “What differentiates this merger is the integration of combined years of knowledge operating in the investment sector, coupled with a range of progressively developed products and services that support Kamco Invest’s competitive position,” said Sarkhou. “Kamco Invest’s new workforce includes highly skilled individuals who specialise in various fields and hold a record of achievements that adds great value to the company,” he added. ©2020 funds global mena

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